and Fire Your Landlord!
and Fire Your Landlord!
We partner with a New, Innovative and Trustworthy Rent-to-Own company to help our clients purchase a home. Find your dream home, move in, and rent to own in Maricopa County, Arizona with built-in savings for your down payment. Our program is designed for you to become mortgage-eligible in 3 years or less. Details below
Get prequalified for a home-shopping budget. It’s free, there’s no commitment, and it doesn’t impact your credit score. In Maricopa County, you could qualify to purchase a Single Family Residence or Townhome from $60,000 up to $575,000.
With your budget in hand, go shopping for your new home with us as your agent. Our Rent to Own Partner buys the home you choose with an all-cash offer and pays all the costs. Once the offer is accepted, you move in within 3-4 weeks renting the home you can make your own while you prepare to purchase it.
Every month when you pay your rent, a portion of your rent will be saved for you to put toward your down-payment and/or costs of your future mortgage. If you cannot qualify for a loan within 3 years, you can get that money back (less a small relisting fee). Our team can help you with credit clean up too!
Savings for your down payment are built right into your monthly payment, so it adds up over time. In 3 years (or even sooner), you can afford a 10% down payment on your home. For example, on a 200k home, you could save over $10,000 painlessly.
You only need a minimum FICO credit score of 550. Even if your score is not quite 550, we can help you now with credit clean up so you can qualify for the Rent to Own Program. Once you’ve moved into your home, we’ll pair you with a free credit counselor to help you get ready for your own mortgage too!
The Rent to Own Program considers your last 3 months of income when determining your home-shopping budget, which makes us a great option if you’re self-employed or recently started a new position.
This Program and our Partner gives you the power of an all-cash offer, which sets you apart in today’s competitive market and helps you secure your dream home. This allows you to purchase a home in areas of town you may not have been able to afford previously.
If you are ready to FIRE YOUR LANDLORD because you are sick and tired of throwing money away on rent you will never see again, this Program will be a game-changer for you and your family. Why? Because you can move into a home, make it your own and SAVE MONEY too!
This Program moves fast and is flexible. That means you get into your dream home sooner and – if life changes – you’re not locked in. Who says you shouldn’t be able to try-before-you-buy anyways? If you choose not to purchase the home, no problem. You get your savings back (less a small relisting fee).
HOUSE OR TOWNHOME BUDGET:
$200,000
PAYMENT PLAN:
Down Paymt. $4,000 (2%)
Applies toward your Savings!
RENT PAYMENT BREAKDOWN:
Rent $1,690 (based on area)
+ Home savings $180
Total Rent: $1,870
CASH REQUIRED:
$500 Deposit
(applies toward down-payment)
$4000 + 1st Month Rent $1,870
Total Cash Needed: $5,870
END OF 3 YEAR LEASE:
Savings - $11,230
You can apply toward home purchase down payment
Applying for the program is completely free. It takes 5 minutes online, and comes with no commitment. It also won’t impact your credit score. Don’t worry if your financial picture isn’t perfect—we get that life happens, and everyone’s situation is different.
After applying, you’ll get your estimated home-shopping budget. Our program Partner will then verify your application and you’ll receive your approved shopping budget in 2 business days.
As part of the application process, you will be asked to provide the following:
You can buy your home at any time during your 3-year lease, whenever you’re ready. You’ll know what your purchase price options are before you sign the lease, with a lower pre-set purchase price if you buy your home in the first 18 months of your lease.
No, you are not. We know that things change, and you might want or need to move out instead of buying your home. You have the option to end your lease early (with a 60-day notice) and keep the savings you have saved, minus a relisting fee for your home. (The relisting fee is a percentage of the initial purchase price, equal to 2% of the initial purchase price.)
Our Partner, the home purchaser, pays for the inspection process, closing costs, property taxes, and homeowner’s insurance on the initial purchase and while they own the home. Since they will own it until you buy it for yourself, they will make sure that every home they purchase is a solid investment and in good shape for the long haul. You will be responsible for closing costs, property taxes, and homeowner’s insurance once you complete the program and buy the home. Those costs will be determined at that time based on current rates and fees charged by your lender and the title company. You will pay no real estate commissions either!
If you will be applying for a mortgage loan, yes, your lender will require an appraisal. So you know... You also benefit from home appreciation.
When you move in, our Partner and your landlord who is purchasing the home, will give you the option to buy your home from at a preset price in the future, whenever you’re ready. If the home’s value rises higher than that, your preset price stays the same—meaning you could buy your home for less than its market price. If the home does not appraise for the set price, you can choose to purchase and come in with the difference in cash, or you can opt out of purchasing and your savings will be returned to you, less a 2% relisting fee.
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